News from fediverse

Ah, for context:

"Decentralized social app Bluesky announced on Thursday that it has raised a $15 million Series A round, following its $8 million seed raise last year."

$23 million in debt. Wow.

https://techcrunch.com/2024/10/24/bluesky-raises-15m-series-a-plans-to-launch-subscriptions/

@[email protected] just a quibble, but venture funding is structurally a different financial vehicle than debt. they can sometimes function similarly, but it's incorrect at a technical level to equate them. (One key reason that it matters: it's generally illegal in most jurisdictions to have a debt that requires a return above ~1.3x, which would be abject failure for VC.)

I'm going to assume that folks who chose "selling user data" were joking, but do check on your server admins, just in case.